2068 1700, Syracuse, UT 84075

3,600 SF | Retail Building | Syracuse, UT 84075 | $2,600,000 ($722/SF) | 5% Cap Rate

Asking Price $2,600,000

Property Type: Retail, Restaurant
Square Feet: 3,600 SF
Price / Square Foot: $722

Listing Contacts

Property Info

Property Overview

Cafe Zupas 2023 Build to Suit Corporate Absolute-NNN Ground lease investment opportunity, located in Syracuse, UT (Ogden). The Cafe Zupas has 14 years remaining on their original 15 year lease. The subject property is well located within a Walmart Supercenter anchored center that has over 2.4 million visitors per year. The Ogden MSA has seen rapid growth at a rate of 4.8% annually.

Property Details

Year Built: 2023
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 37,026 SF

Highlights

CAFÉ ZUPAS – STRONG CORPORATE LEASE GUARANTY / $135M IN REVENUE (2022) / 55 LOCATIONS IN 10 DIFFERENT STATES
STRATEGIC LOCATION -OUTPARCEL TO BUSY 176,000 SF WALMART SUPERCENTER
15 YEAR ABSOLUTE TRIPLE-NET (NNN) GROUND LEASE – 10% RENT INCREASES
ADJACENT TO 47,000 SF SYRACUSE TOWN CENTER - 100% LEASED SHOPPING CENTER
SYRACUSE, UTAH (OGDEN MSA) – RAPID POPULATION GROWTH - PART OF THE OGDEN MSA
UTAH – #1 MOST BUSINESS-FRIENDLY STATE – 17 YEARS RUNNING – $2 BILLION SKI INDUSTRY - CONSISTENT DRAW TO SALT LAKE CITY MSA & OGDEN MSA’s

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